Kroger is a great company, Cramer said, adding that it has a strong private-label brand. KRO fell 1.2% to $15.50.

Hewlett-Packard's estimates are too high and revenue are not growing, according to Cramer. HPQ was lower by 1.4% to $21.96.

Even though Coca-Cola is losing market share to PepsiCo, carbonated soft drinks continue to be a horrible category, he added. KO was flat at $38.44.

Pandora's announcement regarding its new CEO has the stock ripping higher. Cramer said there are a lot of shorts in the name and the bulls really love this company. P showed that love, elevating by 12.1% to $2.59.

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